Goldspot Discoveries Corp Stock Market Value
| SPOFF Stock | USD 0.11 0.01 8.33% |
| Symbol | Goldspot |
Goldspot Discoveries 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Goldspot Discoveries' otc stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Goldspot Discoveries.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Goldspot Discoveries on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Goldspot Discoveries Corp or generate 0.0% return on investment in Goldspot Discoveries over 720 days. Goldspot Discoveries is related to or competes with Appen, Appen, Direct Communication, and Capgemini. EarthLabs Inc. operates as a technology services company in mineral exploration in Canada More
Goldspot Discoveries Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Goldspot Discoveries' otc stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Goldspot Discoveries Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 21.43 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 7.14 |
Goldspot Discoveries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goldspot Discoveries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goldspot Discoveries' standard deviation. In reality, there are many statistical measures that can use Goldspot Discoveries historical prices to predict the future Goldspot Discoveries' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | 1.87 |
Goldspot Discoveries Corp Backtested Returns
Goldspot Discoveries Corp holds Efficiency (Sharpe) Ratio of -0.12, which attests that the entity had a -0.12% return per unit of risk over the last 3 months. Goldspot Discoveries Corp exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Goldspot Discoveries' Market Risk Adjusted Performance of 1.88, standard deviation of 4.05, and Risk Adjusted Performance of (0.09) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Goldspot Discoveries are expected to decrease at a much lower rate. During the bear market, Goldspot Discoveries is likely to outperform the market. At this point, Goldspot Discoveries Corp has a negative expected return of -0.49%. Please make sure to check out Goldspot Discoveries' potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Goldspot Discoveries Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
Goldspot Discoveries Corp has very weak predictability. Overlapping area represents the amount of predictability between Goldspot Discoveries time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Goldspot Discoveries Corp price movement. The serial correlation of 0.17 indicates that over 17.0% of current Goldspot Discoveries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Goldspot Discoveries Corp lagged returns against current returns
Autocorrelation, which is Goldspot Discoveries otc stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Goldspot Discoveries' otc stock expected returns. We can calculate the autocorrelation of Goldspot Discoveries returns to help us make a trade decision. For example, suppose you find that Goldspot Discoveries has exhibited high autocorrelation historically, and you observe that the otc stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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Goldspot Discoveries regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Goldspot Discoveries otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goldspot Discoveries otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goldspot Discoveries otc stock over time.
Current vs Lagged Prices |
| Timeline |
Goldspot Discoveries Lagged Returns
When evaluating Goldspot Discoveries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goldspot Discoveries otc stock have on its future price. Goldspot Discoveries autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Goldspot Discoveries autocorrelation shows the relationship between Goldspot Discoveries otc stock current value and its past values and can show if there is a momentum factor associated with investing in Goldspot Discoveries Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Goldspot OTC Stock
Goldspot Discoveries financial ratios help investors to determine whether Goldspot OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Goldspot with respect to the benefits of owning Goldspot Discoveries security.